Corepath Wealth Partners LLC Purchases Shares of 876 Invesco NASDAQ 100 ETF $QQQM

Corepath Wealth Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 876 shares of the company’s stock, valued at approximately $201,000.

Several other large investors have also recently made changes to their positions in QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $90,815,000. Raymond James Financial Inc. grew its position in Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after acquiring an additional 421,792 shares in the last quarter. Jones Financial Companies Lllp grew its position in Invesco NASDAQ 100 ETF by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock worth $243,791,000 after acquiring an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after acquiring an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in Invesco NASDAQ 100 ETF by 88.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock worth $111,632,000 after acquiring an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.4%

QQQM opened at $241.50 on Monday. The firm has a market cap of $57.90 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $242.01. The stock has a 50-day moving average of $233.92 and a 200 day moving average of $214.36.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were given a dividend of $0.3161 per share. This represents a $1.26 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, June 23rd.

Invesco NASDAQ 100 ETF Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.